A well-known Bitcoin fan, serial venture capital investor Tim Draper, said the value of the first cryptocurrency would rise to $250,000. According to interview information for Yahoo!, such will be the cost of digital gold by 2023.
Bitcoin course: opinion
On August 9th, the famous Bitcoin enthusiast, Tim Draper, announced that the first cryptocurrency would grow to $250,000 by 2023. According to Draper, such a delay in the growth of the rate is provoked by current market trends and financial regulators that have not yet recognized cryptocurrencies.
Draper also called Bitcoin "too consolidated currency", and also clarified about too serious competition in the cryptocurrency market. By the way, earlier Draper had already predicted the rapid growth of digital gold by 2020.
"It (Bitcoin) is consolidated more than I thought (...) I thought that at that moment there would be much more competitors who are really relevant, but people are consolidating in the direction of Bitcoin because it is decentralized" – Tim Draper.
Interestingly, cryptocurrency news for today also reported on John McAfee's predictions regarding Bitcoin. The famous programmer is more determined and claims that the first cryptocurrency will reach one million dollars by the end of 2020.
Investor opinion: Bitcoin exchange rate may rise to $250,000. Recall that recently, statistical analysis showed that the exchange of Venezuelan bolivars for bitcoins reached a record high.
Editor: Pereyidenko Ihor